Accendo Markets Ulasan
About the company:
Accendo Markets, the London-based broker, operates with private clients, providing them with online CFD trading services, trading on Forex, and spread betting.
Company. Security of funds
The brand is owned by Accendo Markets Ltd., which is regulated by the Financial Conduct Authority (license number 475285).
The regulator is non-state, but, nevertheless, this is an authoritative body whose requirements must be followed by brokers. The FCA places the following demands on regulated companies: they must maintain capital in a liquid state and provide timely reports on their activities; furthermore, independent auditors conduct global annual reviews.
The funds of Accendo Markets customers are kept in segregated accounts and protected by the Financial Services Compensation Scheme (FSCS). If the company ceases to exist or becomes insolvent, the FSCS will cover costs and pay money to the customers, but what is important is that the payout per person or company does not exceed 50,000 pounds sterling.
The possession of a licence is always a plus for brokers.
Accendo Markets provides clients with a single trading account where they can trade currencies and CFDs, as well as conduct spread betting.
Beginners are able to test trading on a demo account.
Minimum initial deposit
There is no minimum deposit in the company. Therefore, traders can choose a deposit amount on their own. It may even be $1. However, the broker warns that such small amounts can make trading unprofitable due to trading costs.
Spreads and commissions
For trading currency pairs, the broker charges a fee ranging from 3.34% to 5% of the transaction itself. The table of charges is presented on the broker's website.
The company does not provide any data on the size of leverage.
Accendo Markets offers customers to conduct trading through a platform developed by the company itself. The platform features a set of useful tools for advanced users, news feed, simple user interface that is also suitable for beginners, as well as trading instruments and charts tracking technical indicators.
A trader can use the platform in a web or mobile version.
Analytics and training
The company provides both beginners and professionals with video analytics and training materials. Articles include market trends, technical trading issues, chart types, stop losses, and trading indices.
The support is available from Monday to Friday from 8 a.m. to 7 p.m. (GMT+1). Traders can get advice by phone, email, or fax.
Traders can deposit money through a credit/debit card or the Accendo Markets web platform in the online mode.
Accendo Markets 1/10 (votes 2232)